AXIA Energia Legal VP Exercises Stock Options for 38,695 Common Shares

Transaction Summary

On October 30, 2026, Marcelo de Siqueira Freitas, serving as Legal Vice-Presidency of AXIA Energia S.A., exercised stock options to acquire 38,695 Common Shares at an exercise price of R$57.08 per share, representing a total transaction value of approximately R$2,208,710.60.

Following the exercise, Mr. Freitas directly holds 75,842 common shares (a combination of RSUs and common shares). In the derivative category, he continues to hold 192,399 stock options under the company's restricted share-based compensation program.

Filing Details & Terms

• Exercise Terms: Footnote 1 indicates the base exercise price is R$57.08 per share, accruing interest at 5% per annum from grant date to exercise date, subject to specific adjustments.
• Lock-up Restriction: As stated in Footnote 5, the acquired shares are subject to a mandatory 180-day lock-up period post-exercise during which they cannot be sold, transferred, or encumbered.
• Transaction Code: 'M' designates an exercise or conversion of derivative securities into common equity.

Market & Governance Impact

This filing reflects routine equity compensation management rather than an open-market purchase or sale. Because the transaction represents an exercise of vested options and the acquired shares are subject to a strict 180-day lock-up period, the trading significance is evaluated as Low.